INVESTMENTS

9 Months Ended

Sep. 30, 2022

INVESTMENTS

INVESTMENTS

NOTE 5 INVESTMENTS

The following is a summary of the activity in investments for the nine months ended September 30, 2022:

	As at		Additions/		Net gain		Disposals/		Unrealized		As at
	December 31,		transfers during		(loss) on		transfers during		gain (loss) on		September 30,
	2021		period		securities sold		period		securities held		2022
Marketable equity securities – fair value		1,644		—		—		—		(375)		1,269
Warrants		162		—		—		—		—		162
Total Investments	$	1,806	$	—	$	—	$	—	$	(375)	$	1,431

On June 23, 2021, the Company closed the sale of two projects in Nevada, Limousine Butte and Cedar Wash, with Nevgold Corp. (“Nevgold”). In addition to $0.5 million cash received as part of the consideration, the Company received 4,963,455 common shares and 2,481,727 warrants of Nevgold. Upon issuance, the common shares received by the Company represented 10% of the issued and outstanding shares of Nevgold. The warrants have an exercise price of $0.60 per share and are exercisable until June 23, 2023. The common shares trade on the TSX Venture Exchange.